10 things you need to know in markets today

A member of a Chinese opera troupe looks on as she applies make-up before performing at a shrine during the annual vegetarian festival in Bangkok late October 14, 2015. REUTERS/Athit Perawongmetha Good morning! Here are the 10 things you need to know in markets this Thursday.

It's a big day for US economic data. Inflation data, unemployment figures, manufacturing data from New York and Philidelphia, and oil and gas statistics are all due from 1.30 p.m. BST (8.30 a.m. ET) onwards.

France's EDF Energy and Chinese investors are on the brink of signing a deal to build the UK's first new nuclear power station in 20 years. The Telegraph reports that both parties are close to signing a heads of terms agreement on the new Hinkley Point C reactor ahead of Chinese President Xi Jinping's visit to Britain next week.

Volkswagen's pollution cheating programme was developed by dozens of managers, not just a handful of individuals as the company has suggested, news site Spiegel Online reported Wednesday. Preliminary results of investigations carried out by VW and a US law firm suggest that "the emissions fraud was not only created by a small group of managers, as the company claims," said Spiegel Online without citing its source.

South Africa's Congress of South African Trade Unions (COSATU) is opposing brewer SABMiller's £71 billion ($109.8 billion) takeover by US rival AB InBev. SABMiller has a strong presence in South Africa and COSATU say: "We will never allow a situation where the South African offices of SABMiller are relocated away from South Africa and the local revenues are spiraled out of the country to the detriment of the entire economy."

Square, the US payment processing startup last valued at $6 billion (£3.8 billion), has filed for IPO. It's the first time Square's made its financials available to the public, revealing it's on track to lose about $150 million (£96.9 million) on more than $1 billion (£650 million) in revenue this year.